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How insurance can support climate resilience

Author

Listed:
  • Swenja Surminski

    (Swenja Surminski is at the London School of Economics and Political Science, Grantham Research Institute on Climate Change and the Environment, Houghton Street, London WC2A 2AE, UK)

  • Laurens M. Bouwer

    (Laurens M. Bouwer is at Deltares, PO Box 177, 2600 MH, Delft, The Netherlands)

  • Joanne Linnerooth-Bayer

    (Joanne Linnerooth-Bayer is at IIASA, Schlossplatz 1, A-2361 Laxenburg, Austria)

Abstract

Insurance is gaining importance in and beyond the climate negotiations and offers many opportunities to improve climate risk management in developing countries. However, some caution is needed, if current momentum is to lead to genuine progress in making the most vulnerable more resilient to climate change.

Suggested Citation

  • Swenja Surminski & Laurens M. Bouwer & Joanne Linnerooth-Bayer, 2016. "How insurance can support climate resilience," Nature Climate Change, Nature, vol. 6(4), pages 333-334, April.
    • Handle: RePEc:nat:natcli:v:6:y:2016:i:4:d:10.1038_nclimate2979
    DOI: 10.1038/nclimate2979
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    Citations

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    Cited by:

    1. Li, Ziyue & Zhang, Zhao & Zhang, Lingyan, 2021. "Improving regional wheat drought risk assessment for insurance application by integrating scenario-driven crop model, machine learning, and satellite data," Agricultural Systems, Elsevier, vol. 191(C).
    2. Surminski, Swenja & Barnes, Jonathan & Vincent, Katharine, 2022. "Can insurance catalyse government planning on climate? Emergent evidence from Sub-Saharan Africa," World Development, Elsevier, vol. 153(C).
    3. Noy, Ilan & Kusuma, Aditya & Nguyen, Cuong, 2017. "Insuring disasters: A survey of the economics of insurance programs for earthquakes and droughts," Working Paper Series 6408, Victoria University of Wellington, School of Economics and Finance.
    4. Florence Crick & Katie Jenkins & Swenja Surminski, 2016. "Strengthening insurance partnerships in the face of climate change – insights from an agent-based model of flood insurance in the UK," GRI Working Papers 241, Grantham Research Institute on Climate Change and the Environment.
    5. Kate Booth & Dave Kendal, 2020. "Underinsurance as adaptation: Household agency in places of marketisation and financialisation," Environment and Planning A, , vol. 52(4), pages 728-746, June.
    6. Christian L. E. Franzke, 2017. "Impacts of a Changing Climate on Economic Damages and Insurance," Economics of Disasters and Climate Change, Springer, vol. 1(1), pages 95-110, June.
    7. Shahbaz Mushtaq & Jarrod Kath & Roger Stone & Ross Henry & Peter Läderach & Kathryn Reardon-Smith & David Cobon & Torben Marcussen & Neil Cliffe & Paul Kristiansen & Frederik Pischke, 2020. "Creating positive synergies between risk management and transfer to accelerate food system climate resilience," Climatic Change, Springer, vol. 161(3), pages 465-478, August.
    8. Roxane Marchal & Guillaume Piton & Elena Lopez-Gunn & Pedro Zorrilla-Miras & Peter van der Keur & Kieran W. J. Dartée & Polona Pengal & John H. Matthews & Jean-Marc Tacnet & Nina Graveline & Monica A., 2019. "The (Re)Insurance Industry’s Roles in the Integration of Nature-Based Solutions for Prevention in Disaster Risk Reduction—Insights from a European Survey," Sustainability, MDPI, vol. 11(22), pages 1-24, November.
    9. Will, Meike & Groeneveld, Jürgen & Lenel, Friederike & Frank, Karin & Müller, Birgit, 2023. "Determinants of Household Vulnerability in Networks with Formal Insurance and Informal Risk-Sharing," Ecological Economics, Elsevier, vol. 212(C).
    10. Donatella Porrini & Francesco Masi, 2021. "Managing climate change risk: the case of the Italian Churches," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 105(3), pages 2619-2637, February.
    11. Rahimi-Golkhandan, Armin & Aslani, Babak & Mohebbi, Shima, 2022. "Predictive resilience of interdependent water and transportation infrastructures: A sociotechnical approach," Socio-Economic Planning Sciences, Elsevier, vol. 80(C).
    12. Si Ha & Hirokazu Tatano & Nobuhito Mori & Toshio Fujimi & Xinyu Jiang, 2021. "Cost–benefit analysis of adaptation to storm surge due to climate change in Osaka Bay, Japan," Climatic Change, Springer, vol. 169(3), pages 1-20, December.
    13. Linnenluecke, Martina K. & Smith, Tom & McKnight, Brent, 2016. "Environmental finance: A research agenda for interdisciplinary finance research," Economic Modelling, Elsevier, vol. 59(C), pages 124-130.
    14. Paul Hudson, 2018. "A comparison of definitions of affordability for flood risk adaption measures: a case study of current and future risk-based flood insurance premiums in Europe," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 23(7), pages 1019-1038, October.
    15. Crick, Florence & Jenkins, Katie & Surminski, Swenja, 2018. "Strengthening insurance partnerships in the face of climate change: insights from an agent-based model of flood insurance in the UK," LSE Research Online Documents on Economics 87669, London School of Economics and Political Science, LSE Library.
    16. Sitong Yang & Shouwei Li & Xue Rui & Tianxiang Zhao, 2024. "The impact of climate risk on the asset side and liability side of the insurance industry: evidence from China," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-51, June.
    17. Günther Schauberger & Martin Schönhart & Werner Zollitsch & Stefan J. Hörtenhuber & Leopold Kirner & Christian Mikovits & Johannes Baumgartner & Martin Piringer & Werner Knauder & Ivonne Anders & Konr, 2021. "Economic Risk Assessment by Weather-Related Heat Stress Indices for Confined Livestock Buildings: A Case Study for Fattening Pigs in Central Europe," Agriculture, MDPI, vol. 11(2), pages 1-22, February.
    18. Raphael J. Nawrotzki & Marina Tebeck & Sven Harten & Venya Blankenagel, 2023. "Climate change vulnerability hotspots in Costa Rica: constructing a sub-national index," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 13(3), pages 473-499, September.
    19. Connor P. Spreng & Benjamin K. Sovacool & Daniel Spreng, 2016. "All hands on deck: polycentric governance for climate change insurance," Climatic Change, Springer, vol. 139(2), pages 129-140, November.
    20. Rao, Sandeep & Koirala, Santosh & Thapa, Chandra & Neupane, Suman, 2022. "When rain matters! Investments and value relevance," Journal of Corporate Finance, Elsevier, vol. 73(C).
    21. Surminski, Swenja & Barnes, Jonathan & Vincent, Katharine, 2022. "Can insurance catalyse government planning on climate? Emergent evidence from Sub-Saharan Africa," LSE Research Online Documents on Economics 113564, London School of Economics and Political Science, LSE Library.
    22. Mohor, Guilherme Samprogna & Mendiondo, Eduardo Mario, 2017. "Economic indicators of hydrologic drought insurance under water demand and climate change scenarios in a Brazilian context," Ecological Economics, Elsevier, vol. 140(C), pages 66-78.
    23. Li, Xiaolong & Ozturk, Ilhan & Ullah, Sana & Andlib, Zubaria & Hafeez, Muhammad, 2022. "Can top-pollutant economies shift some burden through insurance sector development for sustainable development?," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 326-336.
    24. Collier, Stephen J. & Elliott, Rebecca & Lehtonen, Turo-kimmo, 2021. "Climate change and insurance," LSE Research Online Documents on Economics 110452, London School of Economics and Political Science, LSE Library.

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